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Ithmaar Holding B.S.C. has announced the candidates for its Board of Directors for the 2025-2028 term. The candidates are HRH Prince Amr Mohammed Al Faisal Al Saud, Tunku Yaacob Khyra, Dr. Amani Khaled Bouresli, Ms. Elham Ebrahim Hasan, Dr. Jehad El-Nakla, Mr. Husain Abdulhameed Alshehab, and Mr. Ali Ghaleb Beshara. The election will take place during the Ordinary General Meeting on 26 March 2025 at The Westin City Centre Bahrain Hotel. Additionally, two other board members will be appointed by major shareholders as per the Commercial Companies Law.
GFH Financial Group B.S.C. announced the termination of its liquidity provision agreements with SICO and BHM for its shares on the Bahrain Bourse, Dubai Financial Markets, and Abu Dhabi Securities Exchange. This follows a previous announcement on February 16, 2025, regarding the suspension of liquidity provision activities and the start of treasury shares buyback activities. The termination will be effective within 30 calendar days and 30 business days, respectively. During the suspension period and until the effective date, the liquidity providers will not carry out their activities. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group announced the purchase of 2,900,000 treasury shares, increasing its total holding from 277,415,723 shares (7.24% of total issued shares) to 280,315,723 shares (7.31% of total issued shares) as of March 4, 2025. The decision to purchase was made by the company's board on February 24, 2025, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.3134 USD per share, representing 0.076% of the issued capital. There are 102,943,660 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.